NOT LISTED FOR SALE

509 Alexander St Glendale, CA 91203

Vineyard Neighborhood

Estimated Value: $974,000 - $1,104,382

4 Beds
2 Baths
1,492 Sq Ft
$689/Sq Ft Est. Value

Last Sold April 14, 2016

Last sale price $695,000 $466 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,116/month

24 Days on Market

Highlights

  • Fireplace in Kitchen
  • Spanish Architecture
  • Laundry Room
  • Herbert Hoover High School Rated A-
  • No HOA
  • 4-minute walk to Milford Mini Park

About This Home

As of April 2016

Excellent investment opportunity! No Rent Control!!! Spanish style duplex, Main home shows 2 bed/1 bath, with a bonus room ideal for home office; Approx 900 square feet. Features include formal dining room, living room, wood laminate floorings, floor heating. The back home shows 2 bed/1 bath, living/dining area, remodeled kitchen with its own private yard. Buyers to verify Sqft, permits for additions, zoning and lot size. One car garage and large driveway allow ample parking spaces. Within a short commute to the Glendale Galleria, The americana and Downtown Los Angeles.

Last Agent to Sell the Property

Patty Rogel

Keller Williams Realty-Studio License #01746233 Listed on: 01/30/2016

Keller Williams Realty-Studio

Last Buyer's Agent

Arsen Kobramasihi

Equity Union License #01257621

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,298 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Spanish Architecture
  • Raised Foundation
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,492 Sq Ft Home
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Bonus Room with Fireplace

Kitchen

  • Gas and Electric Range
  • Kitchen Island
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Floor Furnace
  • Gas Water Heater

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 323
  • Tax Tract Number 1744
  • Assessor Parcel Number 5637024034

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $1,400
  • Net Operating Income $14,772

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 5637024034
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Full
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Bonus Room, Dining Room, Kitchen, Living Room
  • Levels: One
  • Price Per Square Foot: 465.82
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete, Garage - Single Door
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas & Electric Range, Gas Water Heater
  • Heating Type: Floor Furnace
  • Laundry Features: Outside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5298.00
  • Price Per Lot Square Foot: 131.18
  • Lot Size Acres: 0.1220

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 1400.00
  • Gross Scheduled Income: 16800.00
  • Lot Size Area: 5298.0000 Square Feet
  • Net Operating Income: 14772.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2028.00
  • Rent Control: No

Tax Info

  • Tax Lot: 323
  • Tax Tract Number: 1744

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2023
Sold by
Mgerdoun Mher and Mgerdoun Nairi
Bought by
Mgerdoun Family Trust and Mnasaghanian
Current Estimated Value
$1,027,596

Purchase Details

Listed on
Jan 30, 2016
Closed on
Apr 24, 2016
Sold by
Mgerdoun Mher
Bought by
Mgerdoun Mher
Seller's Agent
Patty Rogel
Keller Williams Realty-Studio
Buyer's Agent
Arsen Kobramasihi
Equity Union
List Price
$675,000
Sold Price
$695,000
Premium/Discount to List
$20,000
2.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.10%
Original Mortgage
$533,850
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 30, 2016
Closed on
Apr 5, 2016
Sold by
Mnasaghanian Nairi
Bought by
Mgerdoun Mher
Seller's Agent
Patty Rogel
Keller Williams Realty-Studio
Buyer's Agent
Arsen Kobramasihi
Equity Union
List Price
$675,000
Sold Price
$695,000
Premium/Discount to List
$20,000
2.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,850
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 30, 2016
Closed on
Feb 26, 2016
Sold by
Martinez Norberto
Bought by
Mgerdoun Mher and Mgerdoun Andrazmik
Seller's Agent
Patty Rogel
Keller Williams Realty-Studio
Buyer's Agent
Arsen Kobramasihi
Equity Union
List Price
$675,000
Sold Price
$695,000
Premium/Discount to List
$20,000
2.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,850
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2005
Sold by
Poteat Gerard
Bought by
Martinez Norberto and Martinez Martha

Purchase Details

Closed on
May 10, 2004
Sold by
Poteat Gerard
Bought by
Poteat Gerard and Martinez Norberto

Purchase Details

Closed on
Mar 14, 2003
Sold by
Poteat Gerard
Bought by
Poteat Gerard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.79%

Purchase Details

Closed on
Mar 8, 2000
Sold by
Poteat Gerard
Bought by
Poteat Gerard and Gerard Poteat Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mgerdoun Family Trust -- None Listed On Document
Mgerdoun Mher -- None Listed On Document
Mgerdoun Mher -- Accommodation
Mgerdoun Mher -- North American Title Company
Mgerdoun Razmif -- North American Title Company
Mgerdoun Mher $695,000 North American Title Company
Martinez Norberto -- --
Poteat Gerard -- --
Poteat Gerard -- United Title Company
Poteat Gerard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mgerdoun Mher $533,850
Previous Owner Poteat Gerard $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2016 04/14/16 Sold $695,000 +3.0% $466 / Sq Ft
02/23/2016 02/23/16 Pending -- -- --
01/30/2016 01/30/16 For Sale $675,000 -- $452 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,971 $822,731 $491,272 $331,459
2024 $8,971 $806,600 $481,640 $324,960
2023 $8,767 $790,786 $472,197 $318,589
2022 $8,614 $775,282 $462,939 $312,343
2021 $8,470 $760,081 $453,862 $306,219
2019 $8,145 $737,539 $440,401 $297,138
2018 $7,971 $723,078 $431,766 $291,312
2016 $5,721 $520,000 $452,400 $67,600
2015 $4,828 $440,000 $378,400 $61,600
2014 $4,346 $390,000 $335,400 $54,600
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Patty Rogel

    Keller Williams Realty-Studio

    (818) 424-6007

    21 Total Sales

    Patty Rogel
    Section Image

  • A

    Buyer's Agent in 2016

    Arsen Kobramasihi

    Equity Union

    (818) 434-6429

    26 Total Sales

    Arsen Kobramasihi
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB16023254

California Regional Multiple Listing Service (CRMLS)

APN: 5637-024-034

California Los Angeles County Glendale 91203 Vineyard

509 Alexander St, Glendale, CA

Not Listed for Sale

MultiFamily

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